One of the many compelling reasons to invest in stock market and perhaps the most important thing is that we need more money to fund our retirement as we live longer. Peoples earn money from different sources out of which partly spent and rest are saved for their future. Futures are affected by many factors and one of that is inflation. Money that is saved today will not have … [Read more...] about How and Why to start investing in stock Market
Archives for May 2013
What is stock exchange? – Major stock exchanges of the world
Initially, a company makes public offering and raise capital from potential investors. These investors invest their hard earned money into companies with so many expectations. If later on, any of these investors wants to exit from the investments then he has to find a potential investor on his own and bargain with him for a price. To facilitate this, stock exchange concept has … [Read more...] about What is stock exchange? – Major stock exchanges of the world
About Indian Stock Market – History of BSE and NSE
Indian stock market is the oldest among all in Asia. Today BSE and NSE are the two most advanced and best stock exchanges of India. In this article we will take you through the history of BSE and NSE. The Bombay Stock Exchange (BSE) is known as the largest and oldest stock exchange of India. Established in 1875, BSE has facilitated the growth of the Indian corporate sector by … [Read more...] about About Indian Stock Market – History of BSE and NSE
What is Business Area in SAP – Why Profit Center Accounting is Better than Busines Area
Business area in sap is defined as an organisational area within the financial accounting module. Business area in SAP is used for internal and external reporting. Business area in SAP is derived through assignments to different master data like assignment to cost center master. The function is to create balance sheet and profit and loss account statement below the company … [Read more...] about What is Business Area in SAP – Why Profit Center Accounting is Better than Busines Area
Chart of Account in SAP – Definition, use and integration
Chart of Accounts in SAP is a list of all General Ledgers accounts used by one or several company codes. For each General Ledger, the chart of account must contain the account number, name, and the information that controls how an account functions and how a General Ledger is to be created in a company code. You have to assign a chart of accounts in SAP to each company code. … [Read more...] about Chart of Account in SAP – Definition, use and integration
What is a Fiscal Year Variant in SAP
Fiscal Year Variant in SAP is usually a period of twelve months for which a company regularly creates financial statements and checks inventories. It may correspond exactly to the calendar year, but this is not compulsory. Under certain circumstances a fiscal year variant in SAP can be less than twelve months (shortened fiscal yr). A financial year is divided into posting … [Read more...] about What is a Fiscal Year Variant in SAP
Calendar year and Non-calendar fiscal year in SAP
In SAP, you have the option of defining your fiscal year variants (FYV) in relation to the calendar year. You can define it Fiscal year same as calendar year, Fiscal year differs from calendar year (non-calendar year) or fiscal year as year dependent (This means that the year only applies to a specific calendar year.) Fiscal Year Same as Calendar Year If your fiscal yr is … [Read more...] about Calendar year and Non-calendar fiscal year in SAP
Opening and Closing Posting Periods in SAP FI
We define posting periods in the fiscal year variants of SAP FI module. You can open and close posting periods for a particular transaction type in SAP. Usually, only the current Posting Period is open for recording transaction in SAP and all other Posting Periods are closed. At the end, the current posting period is closed, and the next Posting Period is opened for … [Read more...] about Opening and Closing Posting Periods in SAP FI
How SAP Determines Posting Periods during Posting
When you record a document in SAP, you enter the posting date. SAP uses the posting date specified in the document automatically to determine the posting period (PP). The Posting Period consists of a month and a fiscal year. Both are displayed in the document overview screen of FI module. Posting Period is entered in the document and the transaction figures for these periods … [Read more...] about How SAP Determines Posting Periods during Posting
How Special Posting period is used in SAP
Special posting period in SAP sub divides the year-end closing month No. 12 up to a maximum number of four. Merely dividing the last Posting Period in SAP into several numbers is called Special Posting Period. This enables you to create several supplementary financial statements at the year end. A fiscal year usually has 12 Posting Periods ( in short called PP). In General … [Read more...] about How Special Posting period is used in SAP